Corporates commit over Rs 1 lakh cr investment in MP

Corporate houses, from Reliance Group to Adani Group, committed investments of nearly Rs 1 lakh crore in Madhya Pradesh on the first day of the Global Investors Summit today which was inaugurated by Prime Minister Narendra Modi.
While the Ambani brothers -- Mukesh and Anil -- pledged an investment of Rs 50,000 crore, Gautam Adani of Adani Group announced Rs 20,000 crore, followed by Suzlon's Tulsi Tanti Rs 15,000 crore.
Industrialists who announced their investment plans include Welspun's Sindoor Mittal (Rs 5,000 crore), Essar group's Shashi Ruia (Rs 4,000 crore) and Future Group's Kishore Biyani (Rs 2,000 crore) and Symbiosis open education society (Rs 200 crore).

Industry bigwigs include Tata Group's Cyrus Mistry, Aditya Birla Group's Kumar Mangalam Birla, ITC's Y C Deveshwar, Larsen & Toubro's A M Naik and Godrej Group's Adi Godrej attended the summit.
As many as 4,500 delegates, including prominent politicians, are attending the event.
Speaking at the summit, Reliance Industries CMD Mukesh Ambani said, "India is on a resurgent path of growth and Madhya Pradesh is already on the way... We are going to invest Rs 20,000 crore in the coming years in energy, retail business, entrepreneurship development and digital infrastructure sector".

Madhya Pradesh, he said, is going to have a world class digital infrastructure in the coming 18 months.

Tata Sons Chief Mistry did not mention any amount, but expressed the Group's commitment to expanding its footprint in the state.
Tata Consultancy Services, he added, would be building a new integrated campus here which will provide jobs to 10,000 professionals.